Chang 'an's performance in the first quarter of 2024 was not good. Operating income was 37.023 billion yuan, up 7.14% year-on-year, but net profit fell by 83.39%. The net profit after deducting non-repetitive gains and losses was 112 million yuan, a year-on-year decrease of 91.77%. Changan explained that the decline in net profit was mainly due to the impact of the acquisition of Deep Blue Vehicle Technology Co., Ltd. in the same period last year. In addition, Chang 'an's investment income in the first quarter also fell by 96.43% year-on-year to 177 million yuan. Changan's new energy business was still in a state of loss and needed to rely on the profits of fuel vehicles to support it. Overall, Chang 'an's performance in the first quarter was not as good as expected, and its net profit fell sharply.
Changan's net profit for the first quarter of 2024 was 1.158 billion yuan, down 83.39% year-on-year. In addition, the company achieved a total operating income of 37.023 billion yuan, an increase of 7.14% year-on-year. The data showed that Changan faced the challenge of a decline in net profit in the first quarter of 2024, despite an increase in total operating income. The specific reasons and influencing factors needed further investigation and analysis.
Chang 'an's 2023 first quarter report showed that the company achieved revenue of 34.556 billion yuan, down 0.06% year-on-year. The net profit of the parent company was 6.97 billion yuan, up 53.65% year-on-year. Despite the decline in revenue, net profit increased significantly, exceeding market expectations. Among them, the investment income mainly came from the acquisition of Deep Blue Car, which contributed to the company's performance growth. Chang 'an's financial performance was excellent, including gross profit margin, cash flow, and expense ratio. Although vehicle sales declined slightly, it was still better than the overall passenger car market. Overall, Chang 'an Automobile continued its good development momentum in the first quarter of 2023, with a substantial increase in net profit, demonstrating the momentum of healthy and sustainable development.
There was a difference in Changan's first quarter's net profit figures. According to different years and seasons, Changan's net profit increased and decreased. For example, in the first quarter of 2021, the net profit of Chang 'an was 720 million yuan, up 140.2% year-on-year. However, in the first quarter of 2024, Chang 'an's net profit fell by 83.39% to 1.158 billion yuan. According to the 2023 first quarter report, Changan's net profit was 1.481 billion yuan, down 34.75% year-on-year. Therefore, it was impossible to obtain the specific situation of Chang 'an's first quarter deduction of non-net profit.
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According to the 2022 first quarter report disclosed by Chang 'an, Chang' an achieved a substantial increase in operating income and net profit. Operating income increased by 7.96% and net profit increased by 431.45% year-on-year. Such a profit performance was unexpected and attracted many optimistic expectations. One of the important reasons was that the shares of Avita Technology, a subsidiary of Chang 'an Automobile, had completed the capital increase and share expansion in the first quarter. In addition, Chang 'an had made great progress in the core technology and reliability of its products. The appearance design, interior configuration, and technological sense of the products had also been recognized by consumers. Chang 'an also restricted the behavior of dealers through the Companion Partner Program and provided strong after-sales service, attracting more consumers to choose Chang' an's products. In addition, Chang 'an Automobile continued to promote cost reduction and efficiency enhancement across the region, striving to reduce the adverse impact of rising raw material prices on operating results. In summary, the reasons for Changan's outstanding performance in the first quarter included the magical use of equity investment, the improvement of product technology, the improvement of after-sales service, and the promotion of cost reduction and efficiency enhancement.
Chang 'an had many models with high cost-performance ratio. It was difficult to determine which model had the best cost-performance ratio because it depended on the specific needs and budget of consumers. The following are some of the more cost-effective models: - Chang 'an Yida: The price was between 75,900 and 101,900 yuan. It was equipped with a 1.5T engine with a maximum horsepower of 170 horses. It was matched with a 7-speed wet dual-clutch transmission. The wheelbase was 2670 millimeters. It was safe, easy to operate, and comfortable. It was also equipped with a variety of features and was suitable for home use. - Changan Yidong Plus: Less than 100,000 yuan. There are 1.6L naturally aspirated engines and 1.4T turbine supercharged engines to choose from. It is matched with a 5-speed manual or 6-speed automatic transmission. The appearance is dynamic, the interior is simple and fashionable, and the driving experience is comfortable. - Chang 'an's CCS35 Plus: Less than 100,000 yuan, equipped with a 1.6L naturally aspirated engine with a maximum power of 125 horsepower, matched with a 5-speed or 6-speed manual transmission. It has a modern appearance, simple and elegant interior, and spacious seating space. - Chang 'an Cs75 Plus: 100,000 yuan, medium-sized SUV, equipped with a 1.5T supercharged engine with a maximum power of 156 horsepower, matched with a 6-speed manual or 6-speed automatic transmission. Stylish appearance, luxurious interior, spacious interior, and luxurious configuration. - "Changan Uni-T: A compact SUV with a unique appearance, exquisite interior, and rich configuration. Although the suspension is softer, the overall cost-performance ratio is good. - "Chang 'an MC55: A compact SUV with practicality as its main focus. It has excellent space and fuel consumption performance. The engine performance is average, and the ride feels good. - Changan's MC55 Plus: A compact SUV with an attractive appearance, comfortable interior, rich configuration, sensitive power response, and high cost-performance ratio. - The Changan Auchan X5 Plus was a compact SUV that was competitive. - Chang 'an Qiyuan A07: Guide price of 135,900 - 179,900 yuan, based on the Chang' an EPA1 platform, the price of pure electric medium and large-sized cars will be pulled into the range of 140,000 yuan. - Chang 'an Lumin: Starting price of 49,900 yuan, small body suitable for urban travel, endurance to meet daily commutes. - The third-generation Chang 'an C55 Plus: 10-inch all-LCD instrument +12.3-inch central control screen, interior wrapped in soft material, good feel; Body size: 4539/1865/1680mm, wheelbase: 2656mm, trunk volume: 475 - 1415L; Power: 188 horsepower +300Mm, matched with 7-speed dual clutch. The comprehensive fuel consumption of the NEADC is 6.94L/100km, and it can also use 92#gasoline. The novel "Good Chang 'an" is equally exciting. Everyone is welcome to click and read it!
Perfect World achieved operating income of 1.329 billion yuan in the first quarter of 2024, down 30.19% year-on-year. The net profit of the parent company was a loss of 29.76 million yuan. The company said that the main reason for the decline in net profit was that there were fewer new games launched in the first quarter. However, starting from the second quarter, Perfect World's game business had officially started a new product cycle, starting with the Peculiar Chronicles of the Goddess: Phantom of the Night. The game was loved by players after the domestic public beta and performed well on the game rankings of the AppStore and GooglePlay. Other than that, Perfect World had other games in development, such as Celestial Bane 2, and the market feedback was also very good. Overall, Perfect World's performance in the first quarter of 2024 was less affected by the launch of new games, but with the start of the new product cycle, the company was expected to contribute more new revenue in the future.
There was no clear information in Changan's first quarter report.
Chang 'an Car was a modern enterprise formed by Chang' an Car to integrate its own brand car business. It was an important support for Chang 'an Car's development strategy and an important part of Chang' an Car Group. On July 12, 2006, Chang 'an Car Group released its own brand sedan development strategy and launched a new brand logo. Since then, Chang' an's own brand sedan went on sale, and launched a number of independent products such as Benben sedan, Yuexiang, CX20, CX30, Chang 'an Yidong and CX35. Among them, Yuexiang's sales performance was excellent. From 2015 to 2018, the number of new cars launched was small, and some of them were modified models. In 2018, after the third business plan was proposed, new models were accelerated. In 2019, new models exploded into the market. After that, they maintained a relatively fast pace of new cars entering the market, and maintained the domestic leading position in the field of power assembly and intelligent driving. As of August 2024, Chang 'an had applied for four sedans, including Chang' an XI-V, Chang 'an Deep Blue L07, Chang' an Qiyuan A05 and Avita 12, including one pure electric, one extended range and two hybrid models. The engines were all 1.5L engines, covering two sets of power and three combinations. The Chang 'an sedan had many advantages. For example, it was a military-grade state-owned enterprise with a strong brand name; the appearance of the model was high and in line with the public's aesthetic; the power and transmission performance was excellent. It had the self-developed Blue Whale Power, and some models were equipped with 8AT transmissions; the configuration was rich; and the stability and durability were good. Of course, there were also some shortcomings, such as the low power output efficiency of the 8AT transmission, the soft tuning of the chassis, and poor handling. In addition, Chang 'an currently had a number of pure electric sedan products on sale, such as Qiyuan A07, Deep Blue SK03, Deep Blue L07, etc. The novel " Good Chang 'an " is equally exciting. Everyone is welcome to click and read it!
According to the first quarter report of 2021 issued by Xu Ji Electric, the company realized operating income of 2.072 billion yuan in the first quarter, with a year-on-year growth of 35.39%; the net profit attributed to shareholders of listed companies was 87.1688 million yuan, with a year-on-year growth of 26.06%. While waiting for the TV series, you can also click on the link below to read the classic original work of "Dafeng Nightwatchman"!